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IMF Sees Faster World Growth, But Eyes Risks (Jul-8, 09:51 EDT )-- The global economy is recovering faster than expected but Europe's debt crisis might stall the rebound, the International Monetary Fund said. The IMF raised its 2010 world growth forecast to 4.6 percent from 4.2 percent in April and boosted estimates...
Annual Job Review Is 'Total Baloney,' Expert Says (Jul-8, 09:50 EDT )-- Employee performance reviews should be eliminated, according to Samuel Culbert: "First, they're dishonest and fraudulent. And second, they're just plain bad management." The UCLA business professor has written a new book expanding on that view.
IMF Calls For U.S. Deficit Cuts (Jul-8, 09:39 EDT )-- The International Monetary Fund is calling for the United States to make a stronger effort to curb its budget deficits. The IMF said that in addition to cutting government spending, the Obama administration will have to consider raising taxes to get...
Greece Approves Pension Overhaul Despite Protests (Jul-8, 09:31 EDT )-- The government took a major step forward in overhauling its economy by forcing through, in principle, a pension bill that would increase the retirement age and slash benefits.
Apple Making New Push Into China (Jul-8, 09:30 EDT )-- Apple is opening a flagship store in Shanghai and plans dozens more shops as it seeks to raise its profile and market share in China.
Mortgage Rates Down Again, To 4.57 Percent (Jul-8, 09:30 EDT )-- Rates fell for the second straight week to the lowest point in decades, but they may not be enough to jump-start the housing market. Freddie Mac said the average rate for 30-year fixed loans dropped to 4.57 percent, from 4.58 percent set last week and...
Court Ruling May Aid TelefĂ³nica's Bid for Vivo of Brazil (Jul-8, 09:20 EDT )-- Europe's highest court said that the Portuguese government had used an illegal method to block the $9 billion deal.
I.M.F. Raises Growth Forecasts for World Economy (Jul-8, 09:15 EDT )-- But the International Monetary Fund cautioned that the global recovery remains overshadowed by major risks.
U.S. Indexes Continue Their Rebound (Jul-8, 09:10 EDT )-- Shares rose on new optimism about the recovery. In the United States, first-time jobless claims fell more than expected last week.
Live From Sun Valley, Day Two (Jul-8, 08:36 EDT )-- The skies are clear and the conference center bustling as the annual Allen & Company media retreat enters its second day. And the executives are on hand for the yearly ritual of schmoozing with their fellow moguls.
Many Retailers Report Sluggish Sales in June (Jul-8, 08:26 EDT )-- Retailers say shoppers are buying mostly deeply discounted clothing amid escalating job worries.
In Europe, a Crackdown on Suspect Timber (Jul-8, 08:21 EDT )-- The European Parliament passed a bill that bans the sale of illegally logged wood or wood products in the European Union and requires timber importers to check the provenance of the wood they buy and sell.
Initial Jobless Claims Dip, Lowest Since May (Jul-8, 07:48 EDT )-- New claims for unemployment benefits dropped sharply last week, but they have yet to reach levels that most economists say would signal strong job creation. Requests for jobless aid dropped by 21,000 to a seasonally adjusted 454,000, their lowest level...
European Banks Leave Rates on Hold (Jul-8, 07:36 EDT )-- Investors and analysts are looking to the European Central Bank for any clues about the health of the euro-area banking system.
Disney Is Said to Be Nearing a Deal for Miramax Films (Jul-8, 05:59 EDT )-- The Walt Disney Company is nearing a sale of its Miramax Films unit to an investor group for $600 million to $700 million, people briefed on the matter said on Wednesday.
State Banking, Globally (Jul-8, 05:00 EDT )-- Traditional approaches to backing big banks seem unappealing, an economist says, but can we develop a fresh approach to international financial services?
Prince Tells British Tabloid The Internet Is Over (Jul-8, 03:00 EDT )-- The 52-year-old musician recently railed against the Internet and online music sales. Prince told a British tabloid, "I don't see why I should give my new music to iTunes or anyone else." He's got his own marketing plan. This weekend he'll be giving...
McDonald's Defends Happy Meal Toys (Jul-8, 03:00 EDT )-- The Center for Science in the Public Interest said it would sue the fast food giant unless it stopped using toys to promote its kids' meals. CEO Jim Skinner says the meals are a fun treat, and that it's appropriate to promote them with free toys.
Can Lake Pontchartrain Handle Another Threat? (Jul-8, 03:00 EDT )-- The oil spill in the Gulf of Mexico has made its way inland to Lake Pontchartrain. The salt water lake sits north of New Orleans and it's a place where people live, fish and enjoy the water. The lake was cleaned up a few decades ago and survived...
Group Relieves Veterans Of Student Loan Burdens (Jul-8, 03:00 EDT )-- Despite a new, more generous GI Bill, plenty of veterans have paid for college with little or no help from the government. Because the new measure isn't retroactive, these vets are mostly digging out of college debt on their own. One group is trying to...
Weather Delays BP's Plan To Collect More Oil (Jul-8, 03:00 EDT )-- Weather is delaying BP's plans to collect more oil from its blown-out well in the Gulf of Mexico. The company had been planning to hook up an additional ship to collect oil from the well, but the seas have been too rough.
Borders Group Enters E-Book Market (Jul-8, 03:00 EDT )-- Borders book chain is partnering with a Canadian company to enter the growing e-book market. Amazon.com and Barnes & Noble already have a head start on the small but growing market.
Stanford Ushers In The Age Of Bookless Libraries (Jul-7, 23:00 EDT )-- Stanford University's School of Engineering had more books than its library could hold. So school administrators built a new library -- with even less space for books. NPR's Laura Sydell reports that Stanford's counterintuitive solution marks a...
Weathering Emotional Storms Over Gulf Oil Spill (Jul-7, 23:00 EDT )-- The spill in the Gulf of Mexico has caused a lot of visible damage, and now signs of the mental toll have also started to show. Thousands are seeking counseling from professional clinics and neighbors alike.
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